Official Shell press releases and major business news outlets

Shell Accused of Selling 5.7 Million Fake Carbon Credits Over a Decade

May 6, 2024, 02:23 PM

Shell has been implicated in a significant scandal involving the sale of carbon credits. According to a Financial Times investigative report, for nearly a decade, Shell sold approximately 5.7 million carbon credits linked to CO2 removal projects that never actually occurred. These credits were sold to Canada's largest oil sands companies, casting doubts on the efficacy of a technology deemed crucial for reducing greenhouse gas emissions.